Overview

• ED officials allege Jiban Krishna Saha ran 12 Gramin Bank accounts opened in 2017–18 in his and his wife’s names, with cash deposits traced above Rs 1.2 crore and one account exceeding Rs 50 lakh.
• Sources say a Saha account received about Rs 44 lakh in 2019–2020 via inward remittances from four other accounts, which investigators are examining to identify possible collection agents.
• ED is scrutinising mutual fund and SIP investments reportedly opened in a brother-in-law’s name since 2019, with sources indicating notices are likely and that the review could surface several crores.
• The agency has recorded statements from individuals who say they paid between Rs 1 lakh and Rs 12 lakh for teacher posts, and about 20 candidates have been summoned to the ED’s Salt Lake office next week.
• Saha was arrested on August 25 and remains in judicial custody, with his next court appearance scheduled for September 12.